Wednesday, Oct 15, 11:10 GMT
U.S. Trading Newsletter
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
DISCOVER THE NEW CAG
Forex Blogs
FX Market Readings: EURO and GBP are expected to swing and firm up for mid week by Dr. S. Sivaraman
Today's expected moves:EURO and GBP are expected to slowly firm up from low during Early and late Japanese session. Quick drop and firming up moves expected during Early European session and quick rise expected from mid till end of European session.
FxBootcamp: Pre London Outlook October 15th by Wayne McDonell
Chartology: GBP/USD Swing Buy on 60 min. by Raghee Horner
Live Sessions Schedule
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Oct 15, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, Oct 15, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 15, 11:00 GMT | Conventional Chart Patterns and Forex | Sam Seiden | WBN |  |
| Wed, Oct 15, 12:00 GMT | What will be the next big story in the 4x−market?  | Adam Rosen | WBN | |
| Wed, Oct 15, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Oct 15, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Currency Technical Report − First basic resistance at 1,3750−70 is reached by FXGreece
First basic resistance at 1,3750−70 is reached, and bears made their appearance, leading euro back to 1,3600 area. The market is volatile and the ranges for the upward scenario are set at 1,3440−50. First important support, in case of new lows, is found at 1,3480−00.
Upwards, euro should breach 1,3620−30 and turn the area of 1,3600 into a support, in order to confirm bulls' strength. Next resistance is found at 1,3690−00 and 1,3760−70. A clear break of the second, would indicate the trend reversal and targets at 1,3910−20 and 1,4070−00 will be back in the game...
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
FX Technical Strategy − Dollar outlook remains bearish by Lloyds TSB Financial Markets
Daily Trading Forecast − Dollar Still a Sell on Strength by Swiss e Trade AG
Forex Technical Report − EURUSD Forming an Inverted Head&Shoulders by ForexHound.com
Currency on the Day − EUR/USD by Forex−Trends.com
Weekly Outlook
Weekly Technical Strategist − EURUSD: A Follow−Through To The Downside Sees EUR Invalidate The 1.3682/66 Levels by FXTechstrategy
Analysts' Blogs
Harmonics and support zones by Sunil Mangwani, CEO at FibForex123
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading), Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 12:30 | Retail Sales ex Autos (MoM) | -0.2% | -0.7% |
| Oct 15 | 12:30 | Retail Sales (MoM) | -0.6% | -0.3% |
Trading News Report - U.S. Retail Sales on Tap − Will Fading Demands Push the Dollar Lower? by FXCM
The economic downturn in the U.S. may only get worse as economists project retail spending drop another 0.7% after falling 0.3% in August. In fact, the final GDP reading for the second quarter was revised lower to 2.8% from a preliminary reading of 3.3%, indicating that the economy is slowing at a faster pace than initial expected.
[ Full Story ]- US stock futures fall; JPMorgan, retail sales eyed (Thomson Financial News)
US economic indicators - Retail sales (Sep): soften due to declines in auto sales and gasoline prices by BHF−Bank
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 09:00 | Consumer Price Index (YoY) | 3.6% | 3.6% | 3.8% |
| Oct 15 | 09:00 | Consumer Price Index (MoM) | 0.2% | 0.1% | -0.1% |
| Oct 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.9% | - | 1.9% |
DATA SNAP: Euro−Zone Sep CPI +3.6%YY As Food,Oil Prices Ease (Dow Jones)
The annual rate of euro−zone inflation eased again in September as the year−on−year rate of energy and food price increases fell.
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone Sep CPI +3.6%YY As Food,Oil Inflation Ease (Dow Jones)
- INSTANT VIEW−Energy, food curb euro zone Sept inflation (Thomson Financial News)
- Energy, food curb euro zone inflation in September (Thomson Financial News)
Sunrise Market Commentary - US Treasuries cannot find their composure by KBC Bank
Asia Market Update - Asian stocks and carry trades see profit taking after traders examine the details of the US bank rescue plan by TradeTheNews.com
EMU economic indicators - HICP inflation in the euro area (August): likely to be confirmed at 3.6% yoy by BHF−Bank
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 08:30 | Jobless Claims Change | 31.8 | 38.0K | 32.0K |
| Oct 15 | 08:30 | Claimant Count Rate | 2.9% | 2.9% | 2.8% |
| Oct 15 | 08:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.6% | 3.7% | 3.7% |
| Oct 15 | 08:30 | ILO Unemployment Rate (3M) | 5.7% | 5.6% | 5.5% |
| Oct 15 | 08:30 | Average Earnings including Bonus (3Mo/Yr) | 3.4% | 3.5% | 3.7% |
DATA SNAP: UK Jobless Count Rises For Eighth Month In A Row (Dow Jones)
The U.K.'s claimant count jobless figure rose for the eighth consecutive month in September and looks set to rise further as the economic slowdown weighs on the labor market, data from Office for National Statistics showed Wednesday.
[ Full Story ]- Read the Labour Market Statistics at National Statistics
- UPDATE 1−UK ILO jobless posts biggest rise since 1991 (Thomson Financial News)
- UK minister says Sept jobs data paint 'bad picture' (Thomson Financial News)
- UK ILO Unemployment increased above expectations in the 3 mths. to August (FXstreet.com)
Sunrise Market Commentary - US Treasuries cannot find their composure by KBC Bank
Asia Market Update - Asian stocks and carry trades see profit taking after traders examine the details of the US bank rescue plan by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 15 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Aug) | 3.6% | 3.7% | 3.7% |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Sep) | 1.9% | 1.9% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Sep) | 0.2% | 0.1% | -0.1% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Sep) | 3.6% | 3.6% | 3.8% | |
| 09:30 | IS | CBI Interest Rate Decision | 12.0% | 15.5% | ||
| 11:00 | US | MBA Mortgage Applications (Oct 10) | 5.1% | 2.2% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Oct) | -10.00 | -7.41 | ||
| 12:30 | US | Producer Price Index (MoM) (Sep) | -0.4% | -0.9% | ||
| 12:30 | US | Producer Price Index (YoY) (Sep) | 8.7% | 9.6% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Sep) | 0.2% | 0.2% | ||